OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Down 42.2% in May

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 17,089 shares, a drop of 42.2% from the May 14th total of 29,573 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 235,607 shares, the days-to-cover ratio is presently 0.1 days.

OneConstruction Group Stock Performance

ONEG stock opened at $1.23 on Friday. The business has a 50 day moving average price of $2.80 and a two-hundred day moving average price of $2.35. OneConstruction Group has a twelve month low of $0.72 and a twelve month high of $14.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OneConstruction Group stock. XTX Topco Ltd purchased a new stake in OneConstruction Group Limited (NASDAQ:ONEG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.18% of OneConstruction Group as of its most recent SEC filing.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen upgraded OneConstruction Group to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings restated a “sell (d)” rating on shares of OneConstruction Group in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

OneConstruction Group Company Profile

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.